Common use of Right to Terminate Agreement Clause in Contracts

Right to Terminate Agreement. SPONSOR or Institution may terminate this Agreement, in its sole discretion, without cause, on thirty (30) days prior written notice to the other party. SPONSOR or the Institution may terminate this Agreement in the event of material breach by the other of this Agreement, provided that the other is given written notice of the nature of the default and an opportunity to cure such default within a period of thirty (30) business days after the giving of notice. Notwithstanding termination or expiration of this Agreement, any SOW in effect at the time of such termination or expiration shall remain in effect until the obligations of the parties thereunder have been completed or such SOW is terminated according to Section 22.1

Right to Terminate Agreement. SPONSOR or Institution may terminate this Agreement, in its sole discretion, without cause, on thirty (30) days prior written notice to the other party. SPONSOR or the Institution may terminate this Agreement in the event of material breach by the other of this Agreement, provided that the other is given written notice of the nature of the default and an opportunity to cure such default within a period of thirty (30) business days after the giving of notice. Notwithstanding termination or expiration of this Agreement, any SOW in effect at the time of such termination or expiration shall remain in effect until the obligations of the parties thereunder have been completed or such SOW is terminated according to Section 22.1.